Following two purchasing phases in the last months, DEGI, part of Aberdeen Property Investors, has acquired further buildings in The Park, a business park complex in Prague, the Czech Republic. This brings the total investment volume in the business park to around €400 million. The properties have been purchased indirectly through property companies and will be added to several open-ended property funds managed by DEGI.
The Park business park in Prague.
The seller of the recent package of properties is Signa Property Funds. DEGI was advised during this purchase by DTZ Prague and Clifford Chance Prague. Jones Lang LaSalle acted as the exclusive sell-side advisor.
DEGI has acquired 11 of the 12 properties in The Park. The 11 buildings were developed in phases between 2003 and 2007 and comprise a total lettable area of around 116,000 m